Free Republic

Now that Pat Gelsinger is no longer occupying the corner office at embattled chipmaker Intel (INTC), he can acknowledge one thing about the semiconductor industry.Nvidia (NVDA) has a wide, wide lead over its rivals on the tech front..."They have built meaningful moats around their franchise," he added.Gelsinger led aggressive efforts to turn around Intel for more than three years. He slashed thousands of jobs, improved costs, secured CHIPS Act funding, built chip foundries, and promised fast AI chips that could compete with Nvidia and AMD (AMD).He was fired in early December amid missed financial targets, lack of progress on the...

Being a tariff man may come with some consequences for the US economy. That's the warning from former Trump communications director and Skybridge Capital founder Anthony Scaramucci. "I don't think this sort of blanket approach is the right way to do it, and I think he's [Trump] is going to put us into a recession, frankly," Scaramucci told me at the Bitcoin Investor Week conference. "Remember tariffs are a tax, and they're primarily a consumer tax," Scaramucci added. It's "a consumption tax, sort of like a VAT [value-added tax]. And that’s a regressive tax. So what ends up happening is...